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Purchase with metal payment

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Record a purchase from a supplier and pay them partly in gold.

Key features

  • Pay a supplier in gold instead of money
  • Supplier balance stays correct

Steps

Example: You buy chains from Coimbatore Gold House, 100.000 g at 91.6 purity (91.600 g pure). You pay 50.000 g of fine gold and the rest in money.

1

Open a purchase

Go to Daily Counter → Purchase → Purchase bills and add a new purchase. Pick the Supplier and enter the Supplier Invoice No / Date.

2

Add the items

Click Add Item. Enter Gross Wt, Stone Wt, Less Wt, Purity %. Net Wt and Pure Wt are worked out.

3

Add the metal payment

Click Add Metal Payment and enter the gold you are giving the supplier.

4

Pay the rest

Click Add Payment for the money part. To turn a cash amount into metal weight, use Add Cash to Metal.

5

Check and save

Check the summary and click Save.

For tagged items, a purchase does not add stock. Stock is added when you create the tags. See Tags and Purchase bill.